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will challenge chancellor merkel in the 2015 election. >> the french government unveils steep tax hikes on businesses and the country's wealthy as it seeks to cut the nation's budget deficit. >> in formula one, team mercedes is not going to renew michael schumacher's contract after the season is over. german chancellor angela merkel will have a formidable challenger when she seeks reelection next year. it has been announced that former finance minister peer steinbruck will be running to oppose her. >> is a sharp-witted and sharp- tongued opponent. his candidacy was announced earlier today in berlin. >> he is the spd star right now after the two other contenders made way for him. the parliamentary leader refused to run a second time, and party leader did not think he would attract enough votes, so steinbruck is said to compete against his onetime ally angela merkel for the chancellorship. >> i accept the challenge to take the spd to victory in the next election. that is our goal. we want to oust this government. >> steinbruck says he wants to head a social democrat green coalition. he ha
the spd to victory in the next election. that is our goal. we want to oust this government. >> steinbruck says he wants to head a social democrat green coalition. he has a degree in economics and is known for pragmatism and expertise in fiscal policy. he is regarded as a centrist, and the spd hopes he can pull votes from conservatives. am i think they have a better chance with him. he seems more down to earth -- >> i think they have a better chance with him than with gabriel. he seems more down to earth. >> he can do a lot. he understands a lot. but he also does not come across so well. >> i'm not sure if he will do well against mrs. merkel. she is doing a great job. >> for the spd, a tough decision is now out of the way, and the real race has just begun. >> is the former finance minister chancellor material? for some insight, let's turn to our political correspondent. peter, what was his main message at the news conference today? >> the main message was that he wants an outright victory in next autumn's election. he does not want to just press social democrats to do better than last time
. this week, clashes between protesters and spain as the government sets out its austerity budget for 2013. the country is now ungovernable? we look at florida, a crucial swing state in the upcoming election. david cameron reaffirms its commitment to sending 0.7% of gdp and foreign aid. can western countries afford to be so generous? and juliette binoche has returned to the london stage after 12 years. >> you can say any age because it is about passion and love. who you are. hello. a budget for a crisis to get us out of the crisis was the way the deputy prime minister described her government's actions. 40 billion euros worth of cuts by her government was met with the stress from the spanish peseta since all the european commission -- what nobody knows is whether the markets will be pacified. >> of spain has been bracing for this day, counting down to what they knew was going to be painful. tv stations have been cobbling little else for weeks. their viewers were shocked as the intensity of spanish streets as thousands of frustrated young people had to be a lot away from the vicinity of the
union is considering further sanctions against iran this month. the iranian government has yet to take effective action to stop the further decline of its currency. mitra bolourieh, nhk world, tehran. >>> the head of nato has acknowledged that the organization is experiencing challenging times in afghanistan. secretary general anders fogh rasmussen says insider attacks have damaged trust between nato troops and their afghan partners. >> obviously this strategy aims at undermining trust and confidence and to a certain degree it has also succeeded in that. >> afghan soldiers and police or people wearing their uniforms have killed more than 50 coalition soldiers this year. rasmussen said nato commanders are taking added precautions when recruiting afghan personnel. and they're working to improve intelligence gathering on insurgents. he said there's no change in plans to withdraw all nato troops from afghanistan by the end of 2014. >>> finance ministers will take on a challenge many have taken on over the years. how to deal with social problems in the middle east. ministers will meet next
inside syria between rebels and government forces. it is a little bit unclear at the moment. what seems to be clear, though, is that turkey is making it very clear to syria that it is not accepting any more of this cross-border shelling.% the response was immediate by turkish artillery into syria itself. >> let's look into the warning there -- he has been saying since the middle of the week that turkey is not looking for work, but today, he is now saying it is close to war. what should we read into that? >> everyone is trying to find a balance between being tough and avoiding war. he thinks he has to be tough to the outside world and to his own voters to show them and also the syrians that turkey is not to be messed with. on the other hand, he is very clear not to drag turkey into a war that it does not want. it is a little dangerous game he is playing, but that explains why he is talking tough one day and more conciliatory on another day. >> thanks very much for that. in syria itself, rebels claimed that they have shot down an armed army helicopter near the capital damascus and seized
stronghold in somalia is stormed by government troops. kenyan and somalia soldiers launch an attack on kismayo. >> looks like the beginning of the end for the control of urban somalia. >> also in the program, the disgraced chinese politician bo xilai is exceled from the communist party and will face prosecution. with growth at a standstill, political reputations are on the line. the french government sets out its plans for its toughest budget in 30 years. midday here in london, 7:00 in new york, and 2:00 in the afternoon in the somalia city of kismayo. that's where kenyan and somalia government troops have launched an assault. kenyan soldiers and somalia government troops advanced on kismayo from the north, south and from the sea. an army spokesperson said that government forces are expected to take the city within hours. militant fighters are reported to have been seen north of the city. reports now from nairobi. >> the kenya military say they launched in the early hours of friday morning, fighting alongside smally government soldiers, they made advances biland and sea. his man had
of government and perhaps most important, all the think tanks, all those apparatuses sicko amount shaping how we think about the problems of the world, wickets in the media and newspaper. so that is how we'll normalize. the great fear of george lookout years ago called for shaping of common sense or what becomes the commonsense notion is that a neutral matter. it doesn't just flow out of the air. a lot of time and effort is spent by people who run the society to shape the common sense notion. and so i think we have a politics that has adjusted to our economic system as he should have expected it to do all along. those folks will not permit as much as they can, they are not going to permit the political system to undo the results of economic system with which they are quite pleased. as long as that happens, you, i am the american people in general going to confront a political system very nicely articulated to oscillate between two parties were differences, but whose differences are not about the basic economic system and neither has the slightest interest in debating that, let alone fundamentall
in france have to pay their government. that is, thank you, to the country's socialist president. there he is. he looks so happy, doesn't he? how would you feel about giving 75% of your income to uncle sam? for now that insane tax rate is staying on the other side of the pond. i don't know, are we next? joining me for more on this, chief economist brian wesbury. brian, great to have you back on the show and i just fear that there are folks in washington who look at this and say, now, that french thinking, they are thinking right. scary, right? >> yes. we know they like a lot of things that the french like. big government. big spending. big entitlement programs. and this is the last gasp. i call this paul krugman's alamo. i guess if you're going to talk european we have to say it is the waterloo, right? melissa: right. >> we spent all the money. we can't afford it. now we'll tack, we're going to confiscate people's income to try to pay for all of this. what they will do is destroy their economy. so this will be, this will be the end for france. this can't last. hollande, i can't man he is p
a series of car bombs target government forces in aleppo. >> the u.s. revs up what europe stalls. -- while europe's tallest. captioned by the national captioning institute --www.ncicap.org-- it is the day the people of germany celebrate the unity. 22 years ago, east and west reunited with the blessing of their european neighbors. now there has been a pill to draw the right lessons in the crisis europe faces. >> the president of the parliament says his country must strive for greater unity in europe and he warned against perverting -- reverting to old national rivalries as the weaker members of the eurozone struggle. >> the speech in munich is the center of the celebration. >> the ceremony began with music from richard strauss's opera. more than 1500 people attended the ceremony, including germany's top political leaders. the bavarian state premier compared the process of german unification to that of creating a united europe. then he gave the keynote address. >> we are german europeans. we must devote to the nfl -- unification of europe the same effort we made in german unification. he add
government red tape is putting our country at a competitive disadvantage. plus, president obama gets a boost in the polls. the romney camp plays down expectations for next week's debate. some predictions. welcome to "the willis report." but, everybody. i'm lori rothman in for gerri willis perry the recovery is flat lining. the jobless rate has been about 8% for more than three years. but president obama is getting a well timed bump care of the labor department. bystanders showing more jobs have now been created and lost since the president took office. does this hurt mitt romney's argument? let's ask former republican governor mike huckabee of arkansas. it is wonderful to have you. >> great to be here. lori: what do you think of this jobs revision? it seems to be a nice boost for obama. >> if he is looking for anything, this is the lifeline he has. the fact is, of the jobs that have been created are jobs that are being created at a much lower pay scale than the jobs that people lost. some 30% lower. the fact that people have got a job does not necessarily mean they're better off. the key thi
in changing our policy in afghanistan to count terrorism. we're trying to prop up a government in afghanistan. couldn't terrorism requires far less troops and focuses at striking against al qaeda sweledl as well as any taliban insurjents we might need for the purpose of our fight. i believe that the draw down in afghanistan is well positioned. i'm actually an advocate of something that is more accelerated. i have been for quite some time and i believe we focus on couldn't terrorism which risks less lives. >> we're going to go back on the economy. you say you support a comprehensive solution to the deficit that includes revenues and cuts in spending. can you name one program you've eliminated while you've been in congress? >> yes the s 22. i voted this is something the pentagon did not want but there were those advocating for it. i voted against the s22 which was cut by the way. i voted on a different alternative fighter engine that was not necessary as well and that was cut. and those are examples of programs that were cut. but whey don't want to do is what my opponent says he embraces the ry
protect its in my pocket. this is the government basically being a moderate. they get to do it legally and there is not all lot you can do to stop them. lori: remind me what tax reform should look like. >> we ought to be taxing consumption instead of productivity. the things that make an economy strong our work, savings, investment. those are things that make us stronger. we penalize the very things that are productive. we ought to be rewarding people are working and saving and investing because they're helping the economy to grow. that is why i am a fairfax -- fair tax supporter which would create a very different model. it is changing the foundation. lori: at the end of the day you need economic growth to be supportive of tax rates, and we are just come as you said, flat line at 1%. a revision, a downward revision. you know, hell are we going to get the overall growth rate higher? do we have to wait? obviously the election is so near, but are we just putting too much hope on to washington right now and not enough on good old fashion innovation and ingenuity? >> ingenuity and in this
of the highest. >> many of these workers face redundancy. the government says growth will return next year. others say the government has missed an opportunity to reduce state spending and make it easier to hire and fire workers. today's budget hearing reflects a deeper unresolved problem with the eurozone. as we have seen, other countries like spain and greece have been struggling to reduce spending even while their economies are weak or in recession. >> and other things europeans might envy in brazil, they have so much money in the government that response to the slowdown is a stimulus package that has been announced. in other news, ahead of britain posting a financial watchdog has announced a reform to the setting of libor, the benchmark interest rate. the review was commissioned after a fine was imposed on barclays for trying to rig the rate. now to nepal where a plane has crashed killing all 19 people on board. the aircraft caught fire within two minutes before taking off. it is the second fatal accident this year and once again the country's safety record is in the spotlight. >> a jo
with the world's most famous spy. the turkish government insists it will respond forcefully to any of cells on -- assaults by syria on the turkish people. the country does not intend to start a war with syria but he has the backing of parliament to act with force if necessary. the turkish foreign minister spokesmen told the bbc it was in syria's hands to insure calm returned to the area. >> there were schelling's in the last 10 days. -- shelling in the last 10 days. the thelling was huge -- the shelling was huge and painful. we do not want to declare a war, but we have to prepare for any eventuality to protect our citizens. >> we are in the border area with our correspondents in just a few minutes. let's have a look at some of the other stories making headlines around the world. american tourists killed a person after opening fire in a hotel. the gunman was shot dead by security forces after he opened fire on friday morning. this happens at a red sea resort. the boats for -- motives for the gunfire is not known. lawyers for the islamist say his deteriorating mental health means he will be o
monitoring the content of conversations they tell us. that is the government is keeping tabs on to whom people are talking but not what they are saying still an aclu representative says a rise in surveillance is some cause for concern. >> the people have a right to know how these extremely invasive surveillance powers are being used and if there is nothing to hide, if they're not being abused where is the harm in letting us know. >> shepard: federal judge authorized every instance of surveillance and a smokesmanned as as criminals use more and new sophisticated technology the use of orders issued by a judge and explicitly authorized by congress to obtain non-content information is simply for federal law enforcement officials to carry out their duties to protect the public and investigate violations of federal law. we knew about the death of a u.s. border agent. now there is a new report that indicates guns linked to operation fast and furious may have been involved in more killings. and we're getting word just how young some of those victims are said to have been. a live report is next.
, but apparently we are going to cover it. >> before we get to that, the government of hollande is about to present it first budget. its expected to whicheverdelives of tax hikes. meantime european policymakers are appraising spain's reform plan. but today the government must brace for the results of the banking stress tests that will determine the recapitalization needs of the country's most troubled lenders. we have steve sedgwick following the story in thmadrid, but firs out to stefane in paris. it sounds like there will be a contrast with the spanish budget. it's tax hikes that seem to be the focus. >> in france it will be focus on tax hikes. that's the decision about to be announced by the french government. basically 20 billion euros in additional taxes in the budget for the next year. and only 10 billion euros in spending cuts. that's the plan to reach the deficit target. that's the best case scenario because the budget is based on a growth assumption of 0.8% which seems to be far too optimistic. plenty of private economists believe the french economy won't grow more than 0.3% next year. in
they need nearly 60 billion euros more to expand the shock. the same time, the spanish government has said that the extra aid would push its budget deficit 7.4% of gdp in 2012, which is above the eu's target. so i don't know how she moves around so quickly from place to place, but from athens to madrid, here is julia. >> thanks very much, ross. you just have to bear with me if i make another freudian slip on greece versus spain. but right now, what we heard from the government over the weekend was that their deficit will be on target at 6.3%. but if you include the bank aid as you mentioned, 7.4%. they did make great pains to point out that european commission officials have not asked them to make any adjustments to reduce that number, but the question has to be asked what happens if they don't meet the deficit target of 6.3%. many analysts are expecting them to come in around 7% in terms of the target for this year. day take last week actually showed that the central government deficit came in just around 4.3% up to august. how, the full year target is 4.5% and then we're not even bringin
of europe. france's new socialist government unveiling plans for a 75% super tax. stuart varney host of "varney & company", fox business network. glad you're happy you left 35 years ago. what's up? >> germany is telling france hey, you got to get that budget deficit under control, big budget deficit is verboten the socialist president of france, francois hollande, tax the rich, not so rich, capital gains, profits, you name it, there will be a big new tax. on upper end of income every dollar over a certain level the french government will take 75 cents. rip it right out of your hand. 75 cents on the dollar. more than $200,000, they take 45 cents on the dollar, almost half. bill, this is a massive gamble because france's economy is dead flat, teetering on recession. 10-year high for unemployment and france puts in place huge tax increases. bill: i'm reading the two measures bringing around half a billion euros. >> that's it. >> what will that do for them? >> not much. there are other taxes as well which will bring in a total they think of 20 billion euros. bill: higher tax rates on div
in government positions. in matters that in 1972 you were having problems. several places have challenged this. they are part of a part from 1965. they wanted a change. they were in the process of challenging its. . they change their mind and decided to allow this as they were getting up to the proper level to appeal. they have nonetheless petition for a review. that had the vehicle problem because of that. the main case will be the alabama case. shelby county did not ask for pre clearance. sh she basically said this is not fair. they are criticizing the use of section 5 in this case. this is the most likely case to be taking. there is also a couple of cases that are coming up. i mentioned the texas voter identification case. the redistricting has been working on a a year and more of things. this is a lesson in how challenging it is. south carolina enacted one at the same time. this is incredibly costly and time-consuming to do this. the court has suggested that kennedy made an earlier decision i think they tip their hands a little bit in the unanimous decision that came out this week called a
with occupying forces and the israeli government. the settler is attack should not surprise anyone, for it is the inherent code on the continuation of occupation anti-dormant policy that deems the satisfaction to be the absolute priority. it is that isreali curriculum and extremist opinions that are ripe with hatred and are rooted in discriminatory laws created and enacted over the years against the palestinian people, as well as by the security apparatus which provide excuse after excuse for the accelerated -- the fabricate excuses for soldiers who have committed what are clearly considered crimes and acts of murder, torture, and abuse. over the past year since the convening of the general assembly's previous assembly, the occupying insisted -- it is a campaign aimed at altering the mankind.s it is a campaign of ethnic cleansing against the palestinian people via demolition of their homes and prevention of their construction and residency rights and the denial of basic .ervices and schools they took the city and prevent millions of palestinians from 3 accessing its schools, church
. >> it is the government dependency sound bite that's gone viral in. 24 hours. listen to this. >> everybody in cleveland, no minority got obama for. >> obama phone. she's talking about a real government program that subsidizes cell phones for the poor. guess what? you might be paying for it. did you know that? i'll speak with a congressman about how he's trying to reign it in next. >>> then, think about a 75% tax rate. that could be a reality in france. the question is whether it could happen here. a mitt romney supporter gives us her take in a few minutes. >>> and he's the head of one of the richest sovereign wealth funds. he sits down with me for an exclusive in a few minutes. he owns a number of banks. find out where he's investing. back in a moment. tdd#: 1-800-340 let's talk about low-cost investing. tdd#: 1-800-345-2550 at schwab, we're committed to offering you tdd#: 1-800-345-2550 low-cost investment options-- tdd#: 1-800-345-2550 like our exchange traded funds, or etfs tdd#: 1-800-345-2550 which now have the lowest tdd#: 1-800-345-2550 operating expenses tdd#: 1-800-345-2550 in their respective
, and it will bei be not much else other than more government spending. and that won't make the difference. so i think fiscal uncertainty has to be removed in order for the corporates to spend the huge amount of cash that they're holding. and at this point not investing. the fiscal -- i don't want to call it the fiscal cliff because that's not so important. the question is getting certainty into the situation for corporates to invest again. >> okay, good to have you on on. plenty more to come from you. but what do you think the jobs number will be? let us know. e-mail or tweet us. so just over an hour into the trading day here in europe. let's show you where we stand. just weighted to the up side. pretty flat day for european stocks. 6:4 advancers currently outpacing decliners. we are a quarter percent higher on the ibex, as well. let's show you where we stand. yields are still below 6%. 5.8% mar begin alley higher. we'll keep our eyes on u.s. yields. we got down to 1.66 is where we stand at the moment on those u.s. ten years, as well. as far as currency markets are concerned, euro-dollar just h
of revised gdp numbers from last week. the government claims that the economy is growing at 1.3%. but they also claim that inflation is annualizing out at 1.6%. if inflation is actually 3% right now and not 1.6%, the economy is already contracting. and you're talking about the dow jones this morning being up. in terms of gold today. it's actually down. in fact, the do u-is now worth less than 7.8 ounces of gold. down more and 80% since the bear market began 12 years ago, so, it's not that the stock market's going up, it's not. the value of our money is going down. >> that's interesting, peter. let me show you the original question. you say we are in a recession already, then in 2013, does it get much worse? i'm looking for time frame on the real spiral down here. >> well, it's going to get worse, it's going to get a lot worse, when interest rates finally respond to all of this inflation by rising and then we go over the real fiscal-- >> hold on a second. >> the party's over e i hate to interrupt you peter, i'm sorry, look, you say the party is over when interest rates start to
't want to be naive. it came from the people, western governments who were happy to see the people being democrats in egypt and supporting dictators themselves. what they did was egypt and so many dictators. they were supporting them because it suited the strategy. the point for me was to deal with this and be cautious with words. i was not buying from the beginning of this perception that the arabs spring, revolution. i started by saying let us be cautiously optimistic. something is happening which is great. this is what i call in the book and in the title the awakening. the awakening of the arab mind. the intellectual revolution with people understanding it is possible to get rid of dictators and change a country. this is fear reversible. and something which is a legacy of the personal a shift which is very promising for now and the future. to speak about revolutions that are achieved, i don't know. i don't know today if what is happening in egypt is an unfinished or achieved revolution. i don't know what is happening with what is happening in tunisia that we can be very quick in defin
administration withheld crucial information about the u.s. consulate attack on purpose. one government agency is taking responsibility is this just the white house trying to cover up the coverup. >> for get state and federal taxes. if the united nations gets its way the united states tax me g.e.d.en could go global. >> just how friendly are our skies? "fox & friends" begins right now. snet ♪ >> good saturday morning, everyone. welcome in to "fox & friends" on this early fall morning. coming up in just about a half an hour we are going to talk about whether or not spanking should be considered a form of child abuse. one state is actually moving, perhaps, to make it that way. you could be locked up as a result of it. >> looking forward to that debate. we will answer that question. which one of us three is the funniest reporter in new york? we'll not give you any clues. >> no clues. >> i said no -- >> more on that later on in the program. >> meanwhile the top story, the news that has consumed us for the better part of two weeks now. that is what happened in benghazi? why was the message coming
. still fell into bankruptcy, never paid back the government essentially stiffed the taxpayers. john thain came in afterwards and ran it. since then he is trying to rebuild it. doing a fairly decent job, but he can't really grow it because they're on this watch list. apparently he cannot sell it. all the banks he wanted to sell to, the u.s. banks, the big banks woul which you want to uss the ability to get in and run one of these institutions, they cannot write it because the bank regulators don't want these too big to fail banks to get even bigger and more systemically important and risky. that is one of the problems he has right now. right now he has a problem with selling it. citigroup cannot buy it right now. basically sold by regulators. that is the problem he has. and what kind of record this gentleman has. think about how he leads the market. back in 2008 i remember several times went out and said head of merrill lynch that did not need new capital. you don't actively say one thing when the opposite is real. it was funny, when h what he woy that they would raise more capital, sell t
million to the new government in egypt which is run by the brotherhood. this proposal comes to congress at a point when the u.s.-egypt rip has never been under more scrutiny and rightly so. i am not convinced of the urgent need for this assistance and i cannot support it at this time as chair of the subcommittee i have placed a hold on these funds. earlier in the week, in new york. secretary of state hillary clinton mentioned this month want riots in egypt and context of the ongoing arab spring. she made clear in a state department's estimation right now. the way to calm down these protesters is to secure the country, in part, with money. the recent riots and protests throughout the region have brought the challenge of transition into sharp relief. extremists are clearly determined to hijack these reforms and revolutions to it further their ageneral does and ideology so our partnership must empower those that would see their nations emerge as true democracy. >> back in september all the foreign aid conference shed said they would send to egypt was contingent on supporting a democratic g
for government work because if you all of a sudden just bring information on people it doesn't seem right and i have a very good example of that. a special on the gulf coast oil spill and i was in mississippi and that is where noaa has their headquarters and we were looking at all the efforts they were doing with this bill and then i met the fish sniffer. the fishnet for is the guy whose job it is to put this thing on its head and smell if the fish has oil in a perk of the fish sniffer is 1000 times more accurate than the machine that does a chemically. it's amazing. we have a fish and a friend it's fantastic. i'm sure they had one train before him but i wasn't going to put that in the movie. oh guess what don't worry about the oil spill, we have a fishnet for. we can't spring that on people. we have a guy that does that in going to be a problem. no one is going to. so if no ahead of regular program called the awesome stuff we do by noaa and one was about the fish sniffer then someone could reference that and be like the fishnet for that is a guy and he is a nice man. that you can't bring the
. this as the spanish government is apparently ready to ask for a full bailout, but is being told to wait by germany. angela merkel is reluctant to put more aid requests in front of her parliament, both sides have denied that story. but it does come just a day after meeting between the eu and sm spanish economics minister. julia is in madrid with her own thoughts on this. you heard jim says it's only a matter of time really, so we just have to work out when. >>> that's certainly what the markets expect. also the message is that it's really difficult for the germans to say, hey, these three separate times on greece, cypress and perhaps on spain particularly after they've just received the banking bailout. the biggest shift seem to be in perhaps the spanish sentiment in this article that they're ready to ask as early as this week. so critical to him. they have to think of a bailout and also the enhanced credit line. it doesn't really make a distinction between the two. but of course the budget that we got at the end of last week suggested that they were laying the foundations of course for aid and of
to the governments. they have to fulfill their requirements. so here we are at the best levels of the day, as well, and indeed euro-dollar is up above 1.50. and spanish bond yields, still just below 6%. italian yields fairly contained, as well. so it's all about the employment report today which leaves -- somebody has mysteriously left what looks like a martini glass. i'll come back into the light. shaken, not stirred. >> man, does he look the part. >> yes, you do. i wonder who could be messing with your lights. thrush? no, not spectrum, spec ter mayb. it was mostly just the russian, right? >> and i remember the later ones more. >> i see oo 7 at the u.s. open tennis all the time. that's where sean connery hangs out.7 at the u.s. open tennis all the time. that's where sean connery hangs out. looks like we're going down a drain. the show has been going down the drain. that's a good pose there. shaken not stirred. thank you, ross. we'll see you later. have a great weekend. if you have satellite tv, could you probably get the reds game maybe. >> maybe. >> we are in count down mode this morning. jobs r
services sector. >>> and more signs of trouble for the spanish government as the latest figures show its corporate tax revenue has tumbled. mariano rajoy issues the latest denial that he's ready for a bailout. >>> we now have the latest numbers crossing for the eurozone services pmi. the september final services read coming in at 46.1. an improvement that we have seen from the 46 number. this is still the lowest level we're seeing since 2009. the forward indication 49.4. in terms of what we're seeing on the final comp sit pmi, this is above the 45.9 read that we have, but just a fraction below what we saw in august, the rate was 46.3 then. this is the lowest read since may 2009. in terms of new business number for the composite september rate, 43.8. we're still right back at some of these 2009 lows. >>> elsewhere, the numbers are not that much better. lisa has more on these numbers out of china. >> official data showed china services sector fell sharply in september to its lowest level in almost two years. it shows the rest of the economy has started to feel the effect from the sluggish
that sent investors into the perceived security of u.s. government debt. so bond yields here are down slightly. 1.65 on the 10-year. on the 30-year note you're looking at a yield of 2.83%. we're back after this [ female announcer ] they can be enlightening. hey, bro. or engaging. conversations help us learn and grow. at wells fargo, we believe you can never underestimate the power of a conversation. it's this exchange of ideas that helps you move ahead with confidence. so when the conversation turns to your financial goals... turn to us. if you need anything else, let me know. [ female announcer ] wells fargo. together we'll go far. ♪ [ male announcer ] how do you engineer a true automotive breakthrough? ♪ you give it bold new styling, unsurpassed luxury and nearly 1,000 improvements. introducing the redesigned 2013 glk. see your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financial services. >> i'm lori rothman with your fox business brief. bank of america reached a settlement in the merrill lynch acquisition related class-action lawsuit. under th
defending rice saying she was reflecting the view of the government, based on intelligence. so this seems like a security breakdown of the worst kind and pre-election white house cover-up and i say it is time for ambassador susan rice to resign right now. joining us to talk about this, we have cnbc contributor jennifer rubin, author of the right turn blog and soon to be joichbed by military list jack jacobs. jen, let me start with you. is this a falsehood, a cover up, a lie? 24 hours, the white house knew, from their intelligence people that this was not about the video. this was not spontaneous, right? i'm using the language they are all using. >> yes. >> this was an al qaeda pre-planned terrorist plot and they put this woman susan rice out there to lie to the american public. >> and they put their own white house spokesperson out there to lie to the american public a number of days later. we are talking a week and a half after the initial pre-planned attack that's had jay carney, the president's spokesperson going in front of the cam vas this is only about a video, a movie. this is not
is a bunch of lazy bums and victims who depend on the government and he doesn't care about them. whatever it is that turned their candidate into the 2012 reincarnation of thurston howell except in this reincarnation thurston is mean, whatever it is that has done that it's just killing him in the polls in every state. if the romney campaign does nothing else they must, must, must make sure that nobody anywhere near mitt romney does that rich guy can't relate to people like me thing again. here's the romney campaign last night. >> both mitt and i have summer places up in new hampshire on lake winnipesaukee. a few summers ago i was traching my grandchildren and children to town to get ice cream and we got into the docks and they were all full, looked around, there was no place to park so we stopped at the dock, they all jumped off and ran up the dock and i realized there was nobody in the boat to help me dock the boat. they just left me out there at sea. so, i finally found a place to park after about 20 minutes and i pulled in, i said who's going to drag the rope and i looked up and there w
, california governor. >> i went from being the terminator to being the governator. >> reporter: and he has two, new films coming out next year. all this might be a way to hit the reset button. letting everyone know -- >> i'll be back. >> reporter: the accounts in the book are being attacked from his republicans. condoleezza rice tells abc news she has no recollection of a conversationed a the white house, where cove said his choice for california was right. the book hits stores october 1st. >>> jurors have reached a verdict in the bizarre murder trial in georgia. it was the case of a flight aden taunt killed by an alleged stalker in 1995. the suspect was only put on trial this year thanks to new dna evidence. and in a weird twist, he chose to defend himself in court. that turned out to be a bad move for him. abc's steve osunsami has the story. >> reporter: after a 17-year murder mystery and then a bizarre trial with waseem daker, an ex-con, acting as his own attorney and frightening victims on the witness stand -- >> we found him glgt as to count two. >> reporter: jurors moved quickly, closing
working with the government in any way, with medicare or medicaid in the projects? >> you know, today, we're not. we offer a solution, the adt companion service. we have the pendants and bracelets. for an emergency, push the button, goes to the monitor center, and we pass that information to the care givers. looking at the new pulse offering, there's an opportunity to really make those solutions so much more robust. in the end, we have to partner with the insurance companies like medicare and medicaid from a reimbursement perspective. that's an opportunity to really open up the market. lauren: sounds expensive, huh? how much? >> actually, very affordable. our strategy is to make strategies available to the mass markets. looking at the highest end pulse offering with the home automation, energy mechanic and everything, you know, you are talking in the area of $60 a month from a monthly recurring perspective, and very affordable from an upfront installation perspective. we sub sigh size installation, and with the value prop tigs, we'll keep customers for a very long time. daifd daiched a --
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